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EXHIBIT 99.2
ADOPTION AGREEMENT
Nonstandardized 401(k) Profit Sharing Plan and Trust
For
SSE Telecom, Inc.
401(k) Profit Sharing Plan
CAUTION: The failure to properly fill out this Adoption
Agreement may result in disqualification of the Plan.
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
TABLE OF CONTENTS: PAGE i
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TABLE OF CONTENTS
EMPLOYER INFORMATION
A1 FULL NAME OF PLAN.................................................. 1
B1 NAME OF EMPLOYER................................................... 1
B2 ADDRESS............................................................ 1
B3 EMPLOYER IDENTIFICATION NUMBER..................................... 1
B4 DATE BUSINESS COMMENCED............................................ 1
B5 TYPE OF ENTITY..................................................... 1
B6 NAME OF TRUSTEE.................................................... 1
B7 TRUSTEES' ADDRESS.................................................. 1
B8 LOCATION OF EMPLOYER'S PRINCIPAL OFFICE............................ 1
B9 EMPLOYER FISCAL YEAR............................................... 1
PLAN INFORMATION
C1 EFFECTIVE DATE..................................................... 2
C2 PLAN YEAR.......................................................... 2
C3 ANNIVERSARY DATE................................................... 2
C4 PLAN NUMBER........................................................ 2
C5 NAME OF PLAN ADMINISTRATOR......................................... 2
C6 PLAN'S AGENT FOR SERVICE OF LEGAL PROCESS.......................... 2
ELIGIBILITY, VESTING AND RETIREMENT AGE
D1 ELIGIBLE EMPLOYEES................................................. 3
D2 EMPLOYEES OF AFFILIATED EMPLOYERS.................................. 3
D3 HOURS OF SERVICE................................................... 3
D4 YEARS OF SERVICE................................................... 3
D5 CONDITIONS OF ELIGIBILITY.......................................... 4
D6 EFFECTIVE DATE OF PARTICIPATION.................................... 4
D7 VESTING OF PARTICIPANT'S INTEREST.................................. 5
D8 FOR AMENDED PLANS.................................................. 6
D9 TOP HEAVY VESTING.................................................. 6
D10 VESTING............................................................ 6
D11 PLAN SHALL RECOGNIZE SERVICE WITH PREDECESSOR EMPLOYER............. 7
D12 NORMAL RETIREMENT AGE.............................................. 7
D13 NORMAL RETIREMENT DATE............................................. 7
D14 EARLY RETIREMENT DATE.............................................. 7
CONTRIBUTIONS, ALLOCATIONS AND DISTRIBUTIONS
E1 COMPENSATION....................................................... 8
E2 SALARY REDUCTION ARRANGEMENT - ELECTIVE CONTRIBUTION.............. 9
E3 FORMULA FOR DETERMINING EMPLOYER'S MATCHING CONTRIBUTION........... 10
E4 WILL A DISCRETIONARY EMPLOYER CONTRIBUTION BE PROVIDED............. 11
E5 QUALIFIED NON-ELECTIVE CONTRIBUTIONS............................... 11
E6 FORFEITURES........................................................ 11
E7 ALLOCATIONS TO ACTIVE PARTICIPANTS................................. 12
E8 ALLOCATIONS TO TERMINATED PARTICIPANTS............................. 13
E9 LIMITATIONS ON ALLOCATIONS......................................... 14
E10 DISTRIBUTIONS UPON DEATH........................................... 14
E11 LIFE EXPECTANCIES.................................................. 14
E12 CONDITIONS FOR DISTRIBUTIONS UPON TERMINATION...................... 14
E13 FORM OF DISTRIBUTIONS.............................................. 15
E14 PARTICIPATING EMPLOYER CONTRIBUTIONS............................... 15
TOP HEAVY REQUIREMENTS
F1 TOP HEAVY DUPLICATIONS............................................. 16
F2 PRESENT VALUE OF ACCRUED BENEFIT................................... 16
F3 TOP HEAVY DUPLICATIONS............................................. 16
MISCELLANEOUS
G1 LOANS TO PARTICIPANTS.............................................. 17
G2 PARTICIPANT DIRECTED INVESTMENTS................................... 17
G3 TRANSFERS FROM QUALIFIED PLANS..................................... 17
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
TABLE OF CONTENTS: PAGE ii
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G4 EMPLOYEES' VOLUNTARY CONTRIBUTIONS................................... 17
G5 HARDSHIP DISTRIBUTIONS............................................... 17
G6 PRE-RETIREMENT DISTRIBUTION.......................................... 18
G7 LIFE INSURANCE ...................................................... 18
DISCLOSURE
EXECUTION
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Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
EMPLOYER INFORMATION: PAGE 1
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EMPLOYER INFORMATION
The undersigned Employer adopts the Union Bank Of California SelectBENEFIT
Nonstandardized 401(k) Profit Sharing Plan and Trust for those Employees
who shall qualify as Participants hereunder, to be known as the
A1 FULL NAME OF PLAN: SSE Telecom, Inc. 401(k) Profit Sharing Plan
It shall be effective as of the date specified below. The Employer hereby
selects the following Plan specifications:
B1 NAME OF EMPLOYER: SSE Telecom, Inc.
B2 ADDRESS: (Street): 00000 Xxxxxxxxxxxx Xxxxx
(Xxxx, Xxxxx Xxxxxxx): Xxxxxxx, XX 00000
(Phone Number): (000) 000-0000
B3 EMPLOYER IDENTIFICATION NUMBER: 00-0000000
B4 DATE BUSINESS COMMENCED: June 20, 1988
B5 TYPE OF ENTITY
a. ( ) S Corporation
b. ( ) Professional Service Corporation
c. (x) Corporation
d. ( ) Sole Proprietorship
e. ( ) Partnership
f. ( ) Other: ________________________________________________________
AND, is the Employer a member of ...
g. a controlled group?
( ) Yes (x) No
h. an affiliated service group?
( ) Yes (x) No
B6 NAME OF TRUSTEE: Union Bank of California
B7 TRUSTEES' ADDRESS
Address: 00000 Xxxxxx Xxxx., Xxxxx 000
Xxxx, Xxxxx Zipcode: Xxxxxxxx Xxxx, XX 00000
B8 LOCATION OF EMPLOYER'S PRINCIPAL OFFICE:
a. (x) State
b. ( ) Commonwealth of c. California and this Plan and Trust shall be
governed under the same.
B9 EMPLOYER FISCAL YEAR means the 12 consecutive month period:
Commencing on (month day) a. October 1st (e.g., January 1st) and ending on
(month day) b. September 30th
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
PLAN INFORMATION: PAGE 2
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PLAN INFORMATION
C1 EFFECTIVE DATE
This Adoption Agreement of the Union Bank Of California SelectBENEFIT
Nonstandardized 401(k) Profit Sharing Plan and Trust shall:
a. ( ) establish a new Plan and Trust Effective as of __________________
(hereinafter called the "Effective Date").
b. (x) constitute an amendment and restatement in its entirety of a
previously established qualified Plan and Trust of the Employer
which was effective October 1, 1981 (hereinafter called the
"Effective Date"). Except as specifically provided in the Plan,
the effective date of this amendment and restatement is July 1,
1997 (For TRA '86 amendments, enter the first day of the first
Plan Year beginning in 1989).
C2 PLAN YEAR means the 12 consecutive month period:
Commencing on (month day) a. January 1st (e.g., January 1st) and ending on
(month day) b. December 31st.
IS THERE A SHORT PLAN YEAR?
c. (x) No
d. ( ) Yes, beginning: _________________________________________________
and ending: _____________________________________________________
C3 ANNIVERSARY DATE of Plan (Annual Valuation Date)
a. (month day): December 31st
C4 PLAN NUMBER assigned by the Employer (select one)
a. ( ) 001
b. (x) 002
c. ( ) 003
d. ( ) Other: _________________________________________________________
C5 NAME OF PLAN ADMINISTRATOR (Document provides for the Employer to appoint
an Administrator. If none is named, the Employer will become the
Administrator.)
a. (x) Employer (Use Employer Address)
b. ( ) Other: (Name): ______________________________________________
(Address): ___________________________________________
(City, State Zipcode): _______________________________
(Phone Number): ______________________________________
(Administrator's Identification Number): _____________
C6 PLAN'S AGENT FOR SERVICE OF LEGAL PROCESS
a. (x) Employer (Use Employer Address)
b. ( ) Other: (Name): ______________________________________________
(Address): ___________________________________________
(City, State Zipcode): _______________________________
(Phone Number): ______________________________________
===============================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
ELIGIBILITY, VESTING & RETIREMENT AGE: PAGE 3
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ELIGIBILITY, VESTING AND RETIREMENT AGE
D1 ELIGIBLE EMPLOYEES (Plan Section 1.15) shall mean:
NOTE: For purposes of this section, the term Employee shall include all
Employees of this Employer and any leased employees deemed to be Employees
under Code Section 414(n) or 414(o).
a. ( ) all Employees who have satisfied the eligibility requirements.
b. (x) all Employees who have satisfied the eligibility requirements
except those checked below:
1. ( ) Employees paid by commissions only.
2. ( ) Employees hourly paid.
3. ( ) Employees paid by salary.
4. (x) Employees whose employment is governed by a collective
bargaining agreement between the Employer and "employee
representatives" under which retirement benefits were the
subject of good faith bargaining. For this purpose, the
term "employee representatives" does not include any
organization more than half of whose members are employees
who are owners, officers, or executives of the Employer.
5. ( ) Highly Compensated Employees.
6. ( ) Employees who are non-resident aliens who received no earned
income (within the meaning of Code Section 911(d)(2)) from
the Employer which constitutes income from sources within
the United States (within the meaning of Code Section
861(a)(3)).
7. ( ) Other: ____________________________________________________
D2 EMPLOYEES OF AFFILIATED EMPLOYERS (Plan Section 1.16)
NOTE: If D2b is elected, each Affiliated Employer should execute this
Adoption Agreement as a Participating Employer.
Employees of Affiliated Employers:
a. ( ) will not (or N/A) be treated as Employees of the Employer
adopting the Plan.
b. (x) will be treated as Employees of the Employer adopting the
Plan.
D3 HOURS OF SERVICE (Plan Section 1.31) will be determined on the basis of the
method selected below. Only one method may be selected. The method
selected will be applied to all Employees covered under the Plan.
a. (x) On the basis of actual hours for which an Employee is paid or
entitled to payment.
b. ( ) On the basis of days worked. An Employee will be credited with
ten (10) Hours of Service if under the Plan such Employee would
be credited with at least one (1) Hour of Service during the day.
c. ( ) On the basis of weeks worked. An Employee will be credited with
forty-five (45) Hours of Service if under the Plan such Employee
would be credited with at least one (1) Hour of Service during
the week.
d. ( ) On the basis of semi-monthly payroll periods. An Employee will
be credited with ninety-five (95) Hours of Service if under the
Plan such Employee would be credited with at least one (1) Hour
of Service during the semi-monthly payroll period.
e. ( ) On the basis of months worked. An Employee will be credited with
one hundred ninety (190) Hours of Service if under the Plan such
Employee would be credited with at least one (1) Hour of Service
during the month.
D4 YEARS OF SERVICE
a. (x) 1,000 hour method
b. ( ) Elapsed Time Method
===============================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
ELIGIBILITY, VESTING & RETIREMENT AGE: PAGE 4
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D5 CONDITIONS OF ELIGIBILITY (Plan Section 3.1) (Check either a OR b and c,
and if applicable, d)
Any Eligible Employee will be eligible to participate in the Plan if such
Eligible Employee has satisfied the service and age requirements, if any,
specified below:
a. (x) No Age or Service Required.
b. ( ) Service Requirement. (may not exceed 1 year)
1. ( ) None
2. ( ) 1/2 Year of Service
3. ( ) 1 Year of Service
4. ( ) Other:_____________________________________________________
NOTE: If the Year(s) of Service selected is or includes a fractional
year, an Employee will not be required to complete any specified
number of Hours of Service to receive credit for such fractional year.
If expressed in Months of Service, an Employee will not be required to
complete any specified number of Hours of Service in a particular
month.
c. ( ) Age Requirement (may not exceed 21)
1. ( ) N/A - No Age Requirement.
2. ( ) 20 1/2
3. ( ) 21
4. ( ) Other:_____________________________________________________
d. ( ) For New Plans Only - Regardless of any of the above age or
service requirements, any Eligible Employee who was employed on
the Effective Date of the Plan shall be eligible to participate
hereunder and shall enter the Plan as of such date.
D6 EFFECTIVE DATE OF PARTICIPATION (Plan Section 3.2)
An Eligible Employee shall become a Participant as of:
a. ( ) the first day of the Plan Year in which he met the requirements.
b. ( ) the first day of the Plan Year in which he met the requirements,
if he met the requirements in the first 6 months of the Plan
Year, or as of the first day of the next succeeding Plan Year if
he met the requirements in the last 6 months of the Plan Year.
c. ( ) the earlier of the first day of the seventh month or the first
day of the Plan Year coinciding with or next following the date
on which he met the requirements.
d. ( ) the first day of the Plan Year next following the date on which
he met the requirements. (Eligibility must be 1/2 Year of Service
or less and age 20 1/2 or less.)
e. ( ) the first day of the month coinciding with or next following the
date on which he met the requirements.
f. (x) Other: the first day of the calendar quarter (January 1, April 1,
July 1, October 1) coinciding with or next following the date on
which he met the requirements, provided that an Employee who has
satisfied the maximum age and service requirements that are
permissible in Section D5 above and who is otherwise entitled to
participate, shall commence participation no later than the
earlier of (a) 6 months after such requirements are satisfied, or
(b) the first day of the first Plan Year after such requirements
are satisfied, unless the Employee separates from service before
such participation date.
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Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
ELIGIBILITY, VESTING & RETIREMENT AGE: PAGE 5
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D7 VESTING OF PARTICIPANT'S INTEREST (Plan Section 6.4(b))
The vesting schedule, based on number of Years of Service, shall be as
follows:
a. ( ) 100% upon entering Plan. (Required if eligibility requirement is
greater than one (1) Year of Service.)
b. ( ) c. ( )
-------------------------------- --------------------------------
YEARS OF SERVICE PERCENT VESTED YEARS OF SERVICE PERCENT VESTED
================================ ================================
0 - 2 years 0% 0 - 4 years 0%
-------------------------------- --------------------------------
3 years 100% 5 years 100%
-------------------------------- --------------------------------
d. ( ) e. ( )
-------------------------------- --------------------------------
YEARS OF SERVICE PERCENT VESTED YEARS OF SERVICE PERCENT VESTED
================================ ================================
0 - 1 year 0% 1 year 25%
-------------------------------- --------------------------------
2 years 20% 2 years 50%
-------------------------------- --------------------------------
3 years 40% 3 years 75%
-------------------------------- --------------------------------
4 years 60% 4 years 100%
-------------------------------- --------------------------------
5 years 80%
--------------------------------
6 years 100%
--------------------------------
f. ( ) g. ( )
-------------------------------- --------------------------------
YEARS OF SERVICE PERCENT VESTED YEARS OF SERVICE PERCENT VESTED
================================ ================================
1 year 20% 0 - 2 years 0%
-------------------------------- --------------------------------
2 years 40% 3 years 20%
-------------------------------- --------------------------------
3 years 60% 4 years 40%
-------------------------------- --------------------------------
4 years 80% 5 years 60%
-------------------------------- --------------------------------
5 years 100% 6 years 80%
-------------------------------- --------------------------------
7 years 100%
--------------------------------
h. ( ) Other -- (must be at least as liberal as either c or g above):
--------------------------------
YEARS OF SERVICE PERCENT VESTED
================================
--------------------------------
--------------------------------
--------------------------------
--------------------------------
--------------------------------
--------------------------------
--------------------------------
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Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
ELIGIBILITY, VESTING & RETIREMENT AGE: PAGE 6
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D8 FOR AMENDED PLANS (Plan Section 6.4(f))
If the vesting schedule has been amended to a less favorable schedule,
enter the pre-amended schedule below:
a. (x) Vesting schedule has not been amended or amended schedule is more
favorable in all years.
b. ( )
--------------------------------
YEARS OF SERVICE PERCENT VESTED
================================
--------------------------------
--------------------------------
--------------------------------
--------------------------------
--------------------------------
--------------------------------
--------------------------------
D9 TOP HEAVY VESTING (Plan Section 6.4(c)
If this Plan becomes a Top Heavy Plan, the following vesting schedule,
based on number of Years of Service, for such Plan Year and each succeeding
Plan Year, whether or not the Plan is a Top Heavy Plan, shall apply and
shall be treated as a Plan amendment pursuant to this Plan. Once effective,
this schedule shall also apply to any contributions made prior to the
effective date of Code Section 416 and/or before the Plan became a Top
Heavy Plan.
NOTE: This section does not apply to the Account balances of any
Participant who does not have an Hour of Service after the Plan has
initially become top heavy. Such Participant's Account balance attributable
to Employer contributions and Forfeitures will be determined without regard
to this section.
a. (x) N/A (D7a, b, d, e or f was selected)
b. ( ) c. ( )
-------------------------------- --------------------------------
YEARS OF SERVICE PERCENT VESTED YEARS OF SERVICE PERCENT VESTED
================================ ================================
0 - 1 year 0% 0 -2 years 0%
-------------------------------- --------------------------------
2 years 20% 3 years 100%
-------------------------------- --------------------------------
3 years 40%
--------------------------------
4 years 60%
--------------------------------
5 years 80%
--------------------------------
6 years 100%
--------------------------------
D10 VESTING (Plan Section 6.4(h)) in determining Years of Service for vesting
purposes, Years of Service attributable to the following shall be EXCLUDED:
a. ( ) Service prior to the Effective Date of the Plan or a
predecessor plan.
b. (x) N/A.
c. ( ) Service prior to the time an Employee attained age 18.
d. (x) N/A.
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(K) PROFIT SHARING
ELIGIBILITY, VESTING & RETIREMENT AGE: PAGE 7
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D11 PLAN SHALL RECOGNIZE SERVICE WITH PREDECESSOR EMPLOYER
NOTE: If the predecessor Employer maintained this qualified Plan, then
Years of Service with such predecessor Employer shall be recognized
pursuant to Section 1.78 and b. must be marked.
a. ( ) No.
b. (x) Yes: Years of Service with Xxxxxxxxx Data shall be recognized for
the purpose of this Plan.
D12 NORMAL RETIREMENT AGE ("NRA") (Plan Section 1.43) means:
a. (x) the date a Participant attains his 65th birthday. (not to exceed
65th)
b. ( ) the later of the date a Participant attains his _____ birthday
(not to exceed 65th) or the c.____ (not to exceed 5th)
anniversary of the first day of the Plan Year in which
participation in the Plan commenced.
D13 NORMAL RETIREMENT DATE (Plan Section 1.44) shall commence:
a. (x) as of the Participant's "NRA".
OR (must select b. or c. AND 1. or 2.)
b. ( ) as of the first day of the month...
b. ( ) as of the Anniversary Date...
1. ( ) coinciding with or next following the Participant's "NRA".
2. ( ) nearest the Participant's "NRA".
D14 EARLY RETIREMENT DATE (Plan Section 1.12) means the:
a. ( ) No Early Retirement provision provided.
b. (x) date on which a Participant...
c. ( ) first day of the month coinciding with or next following the
date on which a Participant...
d. ( ) Anniversary Date coinciding with or next following the date on
which a Participant...
AND, if b, c or d was selected...
1. (x) attains his 55th birthday and has
2. (x) completed at least 10 Years of Service.
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
CONTRIBUTIONS, ALLOC. & DISTRIBUTIONS: PAGE 8
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CONTRIBUTIONS, ALLOCATIONS AND DISTRIBUTIONS
E1 COMPENSATION (Plan Section 1.9)
a. COMPENSATION with respect to any Participant means:
1. (x) Wages, Tips and other Compensation (Form W-2).
2. ( ) Section 3401(a) wages (wages for withholding purposes).
3. ( ) 415 Safe-harbor compensation.
AND, Compensation
1. ( ) shall
2. (x) shall not
exclude (even if includible in gross income) reimbursements or other
expense allowances, business expenses, fringe benefits (cash or
noncash), moving expenses, deferred compensation, and welfare
benefits.
b. COMPENSATION shall be
1. (x) actually paid (must be selected if Plan is integrated)
2. ( ) accrued
c. HOWEVER, for non-integrated plans, Compensation shall exclude (select
all that apply):
1. (x) N/A. No exclusions
2. ( ) overtime
3. ( ) bonuses
4. ( ) commissions
5. ( ) other:
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d. FOR PURPOSES OF THIS SECTION E1, Compensation shall be based on:
NOTE: The Limitation Year shall be the same as the year on which
Compensation is based.
1. (x) the Plan Year.
2. ( ) the Fiscal Year coinciding with or ending within the Plan
Year.
3. ( ) the Calendar Year coinciding with or ending within the Plan
Year.
e. HOWEVER, for an Employee's first year of Participation, Compensation
shall be recognized as of:
1. ( ) the first day of the Plan Year.
2. (x) the date the Participant entered the Plan.
f. IN ADDITION, COMPENSATION and "414(s) Compensation"
1. (x) shall
2. ( ) shall not
include compensation which is not currently includible in the
Participant's gross income by reason of the application of Code
Sections 125, 402(e)(3), 402(h)(1)(B) or 403(b).
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
12
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
CONTRIBUTIONS, ALLOC. & DISTRIBUTIONS: PAGE 9
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E2 SALARY REDUCTION ARRANGEMENT - ELECTIVE CONTRIBUTION (Plan Section 11.2)
Each Employee may elect to have his Compensation reduced by:
a. ( ) ______ %
b. (x) up to 20%
c. ( ) from ______ % to ______ %
d. ( ) up to the maximum percentage allowable not to exceed the limits of
Code Sections 401(k), 404 and 415.
AND...
e. (x) A Participant may elect to commence salary reductions as of the
first day of any calendar quarter (January 1, April 1, July 1, or
October 1). A participant may modify the amount of salary reductions as
of anytime.
AND...
Shall cash bonuses paid within 2 1/2 months after the end of the Plan
Year be subject to the salary reduction election?
f. ( ) Yes
g. (X) No
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
13
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
CONTRIBUTIONS, ALLOC. & DISTRIBUTION: PAGE 10
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E3 FORMULA FOR DETERMINING EMPLOYER'S MATCHING CONTRIBUTION (Plan
Section 11.1(b))
a. ( ) N/A There shall be no matching contributions.
b. (x) The Employer shall make matching contributions equal to 50%
(e.g. 50%) of the Participant's salary reductions.
c. ( ) The Employer may make matching contributions equal to a
discretionary percentage, to be determined by the Employer, of
the Participant's salary reductions.
d. ( ) The Employer shall make matching contributions equal to the sum
of __% of the portion of the Participant's salary reduction
which does not exceed ___% of the Participant's Compensation
plus ___% of the portion of the Participant's salary reduction
which exceeds ___% of the Participant's Compensation, but does
not exceed ___% of the Participant's Compensation.
e. ( ) The Employer shall make matching contributions equal to the
percentage determined under the following schedule:
Years of Service Matching Percentage
================ ===================
---------------- -------------------
---------------- -------------------
---------------- -------------------
f. ( ) Other __________________________________________________________
NOTE: If the Employer provides different matching contribution
rates for increasing levels of compensation, matching
contribution rates must decrease with each successive level of
compensation.
FOR PLANS WITH MATCHING CONTRIBUTIONS
g. (X) Matching contributions
h. ( ) shall
i. (x) shall not
be used in satisfying the deferral percentage tests. (If used,
full vesting and restrictions on withdrawals will apply and the
match will be deemed to be an Elective Contribution).
j. (x) Shall a Year of Service be required in order to share in the
matching contributions?
With respect to Plan Years beginning after 1989...
1. ( ) Yes (Could cause Plan to violate minimum participation
and coverage requirements under code Sections
401(a)(26) and 410)
2. (x) No, a Participant need only complete 1 Hours of
Service. (Note: Hours of Service may not exceed 1,000).
With respect to Plan Years beginning before 1990...
1. (x) N/A New Plan or same a years beginning after 1989.
2. ( ) Yes
3. ( ) No, a Participant need only complete ___ Hours of
Service. (Note: Hours of Service may not exceed 1,000).
k. (x) In determining matching contributions, only salary
reductions up to 6% of a Participant's Compensation will be
matched.
l. ( ) N/A
m. (x) The matching contribution made on behalf of a Participant
for any Plan Year shall not exceed $1,000.
n. ( ) N/A
o. (x) Matching contributions shall be made on behalf of
1. (x) all Participants.
2. ( ) only Non-Highly Compensated Employees.
p. ( ) Notwithstanding anything in the Plan to the contrary, all
matching contributions which relate to distributions of
Excess Deferred Compensation, Excess Contributions and
Excess Aggregate Contributions shall be Forfeited. (Select
this option only if it is applicable.)
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
14
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SELECT BENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
CONTRIBUTIONS, ALLOC. & DISTRIBUTIONS: PAGE 11
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E4 WILL A DISCRETIONARY EMPLOYER CONTRIBUTION BE PROVIDED (Other than a
discretionary matching or qualified non-elective contribution) (Plan
Section 11.1(c))?
a. ( ) No.
b. (x) Yes, the Employer may make a discretionary contribution out of
its current or accumulated Net Profit.
c. ( ) Yes, the Employer may make a discretionary contribution which is
not limited to its current or accumulated Net Profit.
IF YES (b. or c. is selected above), the Employer's discretionary
contribution shall be allocated as follows:
FOR A NON-INTEGRATED PLAN
d. (x) The Employer discretionary contribution for the Plan Year shall
be allocated in the same ratio as each Participant's
Compensation bears to the total of such Compensation of all
Participants.
FOR AN INTEGRATED PLAN
e. ( ) The Employer discretionary contribution for the Plan Year shall
be allocated in accordance with the Plan Section 4.3(b)(2) based
on a Participant's Compensation in excess of:
f. ( ) The Taxable Wage Base.
g. ( ) The greater of $10,000 or 20% of the Taxable Wage Base.
h. ( ) _____% of the Taxable Wage Base. (see Note below).
i. ( ) ___________. (see Note below).
NOTE: The integration percentage of 5.7% shall be reduced to:
1. 4.3% if h. or i. above is more than 20% and less than or equal to
80% of the Taxable Wage Base.
2. 5.4% if h. or i. above is less than 100% and more than 80% of the
Taxable Wage Base.
E5 QUALIFIED NON-ELECTIVE CONTRIBUTIONS (Plan Section 11.1 (d))
a. (x) N/A. There shall be no Qualified Non-Elective Contributions
except as provided in Section 11.5(b) and 11.7(h).
b. ( ) The Employer shall make a Qualified Non-Elective Contribution
equal to ___% of the total compensation of all Participants
eligible to share in the allocations.
c. ( ) The Employer may make a Qualified Non-Elective Contribution in
an amount to be determined by the Employer.
AND, if b. or c. is selected above, any Qualified Non-Elective
Contributions shall be made to:
d. ( ) all Participants.
e ( ) only Non-Highly Compensated Employees.
E6 FORFEITURES (Plan Section 4.3(e))
a. Forfeitures of contributions other than matching contributions shall
be...
1. (x) added to the Employer's contribution under the Plan.
2. ( ) allocated to all Participants eligible to share in the
allocations in the same proportion that each Participant's
Compensation for the year bears to the Compensation of all
Participants for such year.
b. Forfeitures of matching contributions shall be...
1. ( ) N/A. No matching contributions or match is fully vested.
2. (x) used to reduce the Employer's matching contribution.
3. ( ) allocated to all Participant's eligible to share in the
allocations in proportion to each such Participant's
Compensation for the year.
4. ( ) allocated to all Non-Highly Compensated Employee's eligible
to share in the allocations in proportion to each such
Participant's Compensation for the year.
5. ( ) allocated as an additional Employer Matching Contribution to
all Participants, who are otherwise eligible to receive
matching contributions for the Plan Year, in proportion to
each Participant's salary reductions for the Plan Year.
6. ( ) allocated as an additional Employer Matching Contribution to
only the Plan's Non-Highly Compensated Participants, who are
otherwise eligible to receive matching contributions for the
Plan Year, in proportion to each such Non-Highly Compensated
Participant's salary reductions for the Plan Year.
c. AND, regardless of the above, shall Forfeitures first be used to pay
any administrative expenses?
1. (x) Yes.
2. ( ) No.
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
15
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
CONTRIBUTIONS, ALLOC. & DISTRIBUTIONS: PAGE 12
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E7 ALLOCATIONS TO ACTIVE PARTICIPANTS (Plan Section 4.3)
With respect to Plan Years beginning after 1989, a Participant shall be
required to complete...
a. ( ) a Year of Service (Plan may become discriminatory)
b. ( ) ______ hours of service. (Note: specified hours of service may not
exceed 1,000 and may become discriminatory if over 500)
c. (x) one hour of service
in order to share in any Non-Elective Contributions (other than matching
contributions) or Qualified Non-Elective contributions. For Plan Years
beginning before 1990, the Plan provides that a Participant must complete a
Tear of Service to share in the allocations.
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
16
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
CONTRIBUTIONS, ALLOC. & DISTRIBUTIONS: PAGE 13
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E8 ALLOCATIONS TO TERMINATED PARTICIPANTS (Plan Section 4.3(k))
Any Participant who terminated employment during the Plan Year (i.e. not
actively employed on the last day of the Plan Year) for reasons other than
death, Total and Permanent Disability or retirement:
a. With respect to Employer Non-Elective Contributions (other than
matching), Qualified Non-Elective Contributions, and Forfeitures:
NOTE: If a.1.iii or iv is selected, the Plan could violate minimum
participations and coverage requirements under Code Sections
401(a)(26) and 410.
1. For Plan Years beginning after 1989,
i. ( ) N/A, Plan does not provide for such contributions.
ii. ( ) shall share in the allocations provided such
Participant completed more than 500 Hours of Service.
iii. ( ) shall share in such allocations provided such
Participant completed a Year of Service.
iv. (x) shall not share in such allocations, regardless of
Hours of Service.
2. For Plan Years beginning before 1990,
i. (x) N/A, new Plan, or same as for Plan Years beginning
after 1989.
ii. ( ) shall share in such allocations provided such
Participant completed a Year of Service.
iii. ( ) shall not share in such allocations, regardless of
Hours of Service
b. With respect to the allocation of Employer Matching contributions,
a Participant:
NOTE: If b.1.iv or v is selected, the Plan could violate minimum
participation and coverage requirements under Code Section 401(a)(26)
and 410.
1. For Plan Years beginning after 1989.
i. ( ) N/A, Plan does not provide for matching contributions.
ii. (x) shall share in the allocations, regardless of Hours of
Service.
iii. ( ) shall share in the allocations provided such
Participant completed more than 500 Hours of Service.
iv. ( ) shall share in such allocations provided such
Participant completed a Year of Service.
v. ( ) shall not share in such allocations, regardless of
Hours of Service.
2. For Plan Years beginning before 1990,
i. (x) N/A, new Plan, or same as years beginning after 1989.
ii. ( ) shall share in the allocations, regardless of Hours of
Service.
iii. ( ) shall share in such allocations provided such
Participant completed a Year of Service.
iv. ( ) shall not share in such allocations, regardless of
Hours of Service.
c. For Plan Years beginning prior to 1990, any Participant who terminated
employment during the Plan Year for reason of...
1. (x) Death
2. (x) Disability
3. (x) Retirement
shall share in the allocations of Contributions and Forfeitures
regardless of Hours of Service completed during the Plan Year.
d. For Plan Years beginning after 1989, any Participant who terminated
employment during the Plan Year for reason of...
1. (x) Death
2. (x) Disability
3. (x) Retirement
shall share in the allocations of Contributions and Forfeitures
regardless of Hours of Service completed during the Plan Year.
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
17
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
CONTRIBUTIONS, ALLOC. & DISTRIBUTION: PAGE 14
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E9 LIMITATIONS ON ALLOCATIONS (Plan Section 4.4)
a. If any Participant is or was covered under another qualified defined
contribution plan maintained by the Employer, other than a Master or
Prototype Plan, or if the Employer maintains a welfare benefit fund,
as defined in Code Section 419(e), or an individual medical account,
as defined in Code Section 415(l)(2), under which amounts are treated
as Annual Additions with respect to any Participant in this Plan;
1. (x) N/A
2. ( ) The provisions of Section 4.4(b) of the Plan will apply as
if the other plan were a Master or Prototype Plan.
3. ( ) Provide the method under which the Plans will limit total
Annual Additions to the Maximum Permissible Amount, and will
properly reduce any Excess Amounts, in a manner that
precludes Employer discretion.
___________________________________________________________
___________________________________________________________
___________________________________________________________
b. If any Participant is or ever has been a Participant in a defined
benefit plan maintained by the Employer:
1. (x) N/A.
2. ( ) In any Limitation Year, the Annual Additions credited to the
Participant under this Plan may not cause the sum of the
Defined Benefit Plan Fraction and the Defined Contribution
Fraction to exceed 1.0. If the Employer's contribution that
would otherwise be made on the Participant's behalf during
the limitation year would cause the 1.0 limitation to be
exceeded, the rate of contribution under this Plan will be
reduced so that the sum of the fractions equals 1.0. If the
1.0 limitation is exceeded because of an Excess Amount,
such Excess Amount will be reduced in accordance with
Section 4.4(a)(4) of the Plan.
3. ( ) Provide the method under which the Plans involved will
satisfy the 1.0 limitation in a manner that precludes
Employer discretion.
___________________________________________________________
___________________________________________________________
___________________________________________________________
E10 DISTRIBUTIONS UPON DEATH (Plan Section 6.6(h)
Distributions upon the death of a Participant prior to receiving any
benefits shall...
a. (x) be made pursuant to the election of the Participant or
beneficiary.
b. ( ) begin within 1 year of death for a designated beneficiary and be
payable over the life (or over a period not exceeding the life
expectancy) of such beneficiary, except that if the beneficiary
is the Participant's spouse, begin within the time the
Participant would have attained age 70 1/2.
c. ( ) be made within 5 years of death for all beneficiaries.
d. ( ) other:__________________________________________________________
E11 LIFE EXPECTANCIES (Plan Section 6.5(f)) for minimum distributions required
pursuant to Code Section 401(a)(9) shall...
a. (x) be recalculated at the Participant's election.
b. ( ) be recalculated.
c. ( ) not be recalculated.
E12 CONDITIONS FOR DISTRIBUTIONS UPON TERMINATION
Distributions upon termination of employment pursuant to Section 6.4(a) of
the Plan shall not be made unless the following conditions have been
satisfied:
a. (x) N/A, Immediate Distributions may be made at Participant's
election.
b. ( ) The Participant has incurred ____ 1-Year Break(s) in Service.
c. ( ) The Participant has reached his or her Early or Normal
Retirement Age.
d. ( ) Distributions may be made at the Participant's election on or
after the Anniversary Date following termination of employment.
e. ( ) Other:_________________________________________________________
===============================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
18
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(K) PROFIT SHARING
CONTRIBUTIONS, ALLOC. & DISTRIBUTIONS: PAGE 15
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E13 FORM OF DISTRIBUTIONS (Plan Sections 6.5 and 6.6)
Distributions under the Plan may be made...
a. 1. (x) in lump sums.
2. ( ) in lump sums or installments.
b. AND, pursuant to Plan Section 6.13,
1. (x) no annuities are allowed (avoids Joint and Survivor rules).
2. ( ) annuities are allowed (Plan Section 6.13 shall not apply).
NOTE: b1. may not be elected if this is an amendment to a plan
which permitted annuities as a form of distribution or if this Plan
has accepted a plan to plan transfer of assets from a plan which
permitted annuities as a form of distribution.
c. AND may be made in...
1. (x) cash only (except for insurance or annuity contracts).
2. ( ) cash or property.
E14 PARTICIPATING EMPLOYER CONTRIBUTIONS
The contributions made by a Participating Employer shall:
a. (x) be allocated to all Employees.
b. ( ) only be allocated to the Employees of the Participating Employer
making the contribution.
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
19
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
TOP HEAVY REQUIREMENTS: PAGE 16
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TOP HEAVY REQUIREMENTS
F1 TOP HEAVY DUPLICATIONS (Plan Section 4.3(i))
When a Non-Key Employee is a Participant in this Plan and a Defined Benefit
Plan maintained by the Employer, indicate which method shall be utilized to
avoid duplication of top heavy minimum benefits.
a. (x) The Employer does not maintain a Defined Benefit Plan.
b. ( ) A minimum, non-integrated contribution of 5% of each Non-Key
Employee's total Compensation shall be provided in this Plan, as
specified in Section 4.3(i). (The Defined Benefit and Defined
Contribution Fractions will be computed using 100% if this
choice is selected.)
c. ( ) A minimum, non-integrated contribution of 7 1/2% of each Non-Key
Employee's total Compensation shall be provided in this Plan, as
specified in Section 4.3(i). (If this choice is selected, the
Defined Benefit and Defined Contribution Fractions will be
computed using 125% for all Plan Years in which the Plan is Top
Heavy, but not Super Top Heavy.)
d. ( ) Specify the method under which the Plans will provide top heavy
minimum benefits for Non-Key Employees that will preclude
Employer discretion and avoid inadvertent omissions, including
any adjustments required under Code Section 415(e).
-----------------------------------------------------------------
-----------------------------------------------------------------
-----------------------------------------------------------------
F2 PRESENT VALUE OF ACCRUED BENEFIT (Plan Section 2.2) for Top Heavy purposes
where the Employer maintains a Defined Benefit Plan in addition to this
Plan, shall be based on...
a. (x) N/A. The Employer does not maintain a defined benefit plan.
b. ( ) Interest Rate:
---------------------------------------------------
Mortality Table:
-------------------------------------------------
F3 TOP HEAVY DUPLICATIONS: Employer maintaining two (2) or more Defined
Contribution Plans.
a. (x) N/A.
b. ( ) A minimum, non-integrated contribution of 3% of each Non-Key
Employee's total Compensation shall be provided in the Money
Purchase Plan (or other plan subject to Code Section 412), where
the Employer maintains two (2) or more non-paired Defined
Contribution Plans.
c. ( ) Specify the method under which the Plans will provide top heavy
minimum benefits for Non-Key Employees that will preclude
Employer discretion and avoid inadvertent omissions, including
any adjustments required under Code Section 415(e).
-----------------------------------------------------------------
-----------------------------------------------------------------
-----------------------------------------------------------------
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
20
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
MISCELLANEOUS: PAGE 17
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MISCELLANEOUS
G1 LOANS TO PARTICIPANTS (Plan Section 7.1)
a. (x) Yes, loans may be made up to $50,000 or 1/2 Vested interest.
b. ( ) No, loans may not be made.
If YES, (check all that apply)...
c. (x) loans shall be treated as a Directed Investment.
d. ( ) loans shall only be made for hardship or financial necessity.
e. (x) the minimum loan shall be $1,000. Note: Minimum loan amount may
not exceed $1,000.
NOTE: Department of Labor Regulations require the adoption of a SEPARATE
written loan program setting forth the requirements outlined in Plan
Section 7.1.
G2 PARTICIPANT DIRECTED INVESTMENTS (Plan Section 4.8)
a. (x) Yes, for all accounts of the Participant.
b. ( ) Yes, but subject to the following limitations:
-------------------
-----------------------------------------------------------------
c. ( ) No, participant directed investments are not permitted.
d. (x) If participant direction of investment is permitted, transfers
pursuant to this Section 4.8 shall be effected by:
1. ( ) the first day of the following month.
2. ( ) the first day of the following calendar quarter.
3. ( ) the sooner of the first day of the following Plan Year or
the first day of the following seventh month of the plan
Year.
4. ( ) the first day of the following Plan Year.
5. (x) daily, to the extent administratively feasible.
G3 TRANSFERS FROM QUALIFIED PLANS (Plan Section 4.6)
a. (x) Yes, transfers from qualified plans (and rollovers) will be
allowed.
b. ( ) No, transfers from qualified plans (and rollovers) will not be
allowed.
AND, transfers shall be permitted...
c. (x) from any Employee, even if not a Participant.
d. ( ) from Participants only.
G4 EMPLOYEES' VOLUNTARY CONTRIBUTIONS (Plan Section 4.7)
NOTE: TRA '86 subjects voluntary contributions to strict discrimination
rules.
a. ( ) Yes, Voluntary Contributions are allowed subject to the limits
of Section 4.10.
b. (x) No Voluntary Contributions will not be allowed.
G5 HARDSHIP DISTRIBUTIONS (Plan Section 6.11 and 11.8)
a. (x) Yes, from any accounts which are 100% Vested.
b. ( ) Yes, from Participant's Elective Account only.
c. ( ) Yes, but limited to the following account(s):
--------------------
d. ( ) No.
NOTE: Distributions from a Participant's Elective Account are limited to
the portion of such account attributable to such Participant's Deferred
Compensation and earnings attributable thereto up to December 31, 1988.
Also hardship distributions are not permitted from a Participant's
Qualified Non-Elective Account.
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
21
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
MISCELLANEOUS: PAGE 18
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G6 PRE-RETIREMENT DISTRIBUTION (Plan Section 6.10)
a. (x) If a Participant has reached the age of 59 1/2, distributions may
be made, at the Participant's election, from the following
accounts(s): all which are 100% Vested without requiring the
Participant to terminate employment.
b. ( ) No pre-retirement distribution may be made.
NOTE: Distributions from a Participant's Elective Account and Qualified
Non-Elective Account are not permitted prior to age 59 1/2.
G7 LIFE INSURANCE may be purchased with Plan contributions.
a. (x) No life insurance may be purchased.
b. ( ) Yes, at the option of the Administrator.
c. ( ) Yes, at the option of the Participant.
AND, the purchase of initial or additional life insurance shall be subject
to the following limitations: (select all that apply)
d. ( ) N/A, no limitations.
e. ( ) each initial Contract shall have a minimum face amount of
$ _____ .
f. ( ) each additional Contract shall have a minimum face amount of
$ _____ .
g. ( ) the Participant has completed _____ Years of Service.
h. ( ) the Participant has completed _____ Years of Service while a
Participant in the Plan.
i. ( ) the Participant is under age _____ on the Contract issue date.
j. ( ) the maximum amount of all Contracts on behalf of a Participant
shall not exceed $ _____ .
k. ( ) the maximum face amount of life insurance shall be $ _____ .
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
22
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SELECTBENEFIT ADOPTION AGREEMENT: NONSTANDARDIZED 401(k) PROFIT SHARING
DISCLOSURE: PAGE 19
--------------------------------------------------------------------------------
DISCLOSURE
The adopting Employer may not rely on an opinion letter issued by the National
Office of the Internal Revenue Service as evidence that the plan is qualified
under Code Section 401. In order to obtain reliance with respect to plan
qualification, the Employer must apply to the appropriate Key District Office
for a determination letter.
This Adoption Agreement may be used only in conjunction with basic Plan document
#04. This Adoption Agreement and the basic Plan document shall together be known
as Union Bank of California SELECTBENEFIT Nonstandardized 401(k) Profit Sharing
Plan and Trust #04-005.
The adoption of this Plan, its qualification by the IRS, and the related tax
consequences are the responsibility of the Employer and its independent tax and
legal advisors.
Union Bank of California will notify the Employer of any amendments made to the
Plan or of the discontinuance or abandonment of the Plan provided this Plan has
been acknowledged by Union Bank of California or its authorized representative.
Furthermore, in order to be eligible to receive such notification, we agree to
notify Union Bank of California of any change in address.
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
23
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SELECTBENEFIT ADOPTION AGREEMENT:
NONSTANDARDIZED 401(k) PROFIT SHARING
EXECUTION: PAGE 20
--------------------------------------------------------------------------------
EXECUTION
IN WITNESS WHEREOF, the Employer and Trustee hereby cause this Plan to be
executed on this 1st day of July, 1997. Furthermore, this Plan may not be used
unless acknowledged by Union Bank of California or its authorized
representative.
--------------------------------------------------------------------------------
UNION BANK OF CALIFORNIA, TRUSTEE
Xxxxx Xxxx Vice President
------------------------------------------ ---------------------------
Name of Authorized Signer for Union Bank Title
of California
/s/ XXXXX XXXX 7-2-97
------------------------------------------ ---------------------------
Signature of Authorized Signer for Union Date
Bank of California
EMPLOYER
Xxxxxx X. Xxxxxxxx Director of Human Resources
------------------------------------------ ---------------------------
Name of Authorized Signer for Plan Sponsor Title
/s/ XXXXXX X. XXXXXXXX 7-1-97
------------------------------------------ ---------------------------
Signature of Authorized Signer for Date
Plan Sponsor
PARTICIPATING EMPLOYER
------------------------------------------ ---------------------------
Name of Authorized Signer for Plan Sponsor Title
------------------------------------------ ---------------------------
Signature of Authorized Signer for Date
Plan Sponsor
--------------------------------------------------------------------------------
This Plan may not be used, and shall not be deemed to be a Prototype Plan,
unless an authorized representative of Union Bank of California has acknowledged
the use of the Plan. Such acknowledgement is for administerial purposes only. It
acknowledges that the Employer is using the Plan but does not represent that
this Plan, including the choices selected on the Adoption Agreement, has been
reviewed by a representative of the sponsor or constitutes a qualified
retirement plan.
--------------------------------------------------------------------------------
UNION BANK OF CALIFORNIA, COMPLIANCE OFFICER
Xxxxxx X. Xxxxxxxx Document Technician
------------------------------------------ ---------------------------
Name of Authorized Signer for Union Bank Title
of California
/s/ XXXXXX X. XXXXXXXX July 11, 1997
------------------------------------------ ---------------------------
Signature of Authorized Signer for Union Date
Bank of California
--------------------------------------------------------------------------------
With regard to any questions regarding the provisions of the Plan, adoption of
the Plan, or the effect of an opinion letter from the IRS, call or write (this
information must be completed by the sponsor of this Plan or its designated
representative):
Name: Xxxxxx X. Xxxxxxxx, c/o Union Bank of California Phone: (000) 000-0000
------------------------------------------------- --------------
Street Address: 00000 Xxxxxx Xxxx., Xxxxx 000
----------------------------------------------------------------
City, State, Zipcode: Xxxxxxxx Xxxx, Xx 00000
----------------------------------------------------------
================================================================================
Plan Name: SSE Telecom, Inc. 401(k) Profit Sharing Plan
Union Bank of California
